Royal Mail plc (LON:RMG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Royal Mail plc (LON:RMG – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 530.25 ($6.49).

A number of brokerages have recently weighed in on RMG. Barclays reiterated an “overweight” rating and set a GBX 400 ($4.90) price target on shares of Royal Mail in a research report on Monday, May 30th. JPMorgan Chase & Co. lowered their target price on Royal Mail from GBX 702 ($8.60) to GBX 632 ($7.74) and set an “overweight” rating on the stock in a research report on Monday, May 23rd. Berenberg Bank lowered their target price on Royal Mail from GBX 650 ($7.96) to GBX 575 ($7.04) and set a “buy” rating on the stock in a research report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 240 ($2.94) target price on shares of Royal Mail in a research report on Thursday. Finally, Liberum Capital cut Royal Mail to a “sell” rating and lowered their target price for the company from GBX 470 ($5.76) to GBX 355 ($4.35) in a research report on Wednesday, March 2nd.

Shares of Royal Mail stock opened at GBX 281.40 ($3.45) on Friday. The company has a current ratio of 1.10, a quick ratio of 1.06 and a debt-to-equity ratio of 41.49. The business’s 50 day simple moving average is GBX 315.57 and its 200-day simple moving average is GBX 386.54. The stock has a market capitalization of £2.69 billion and a price-to-earnings ratio of 4.58. Royal Mail has a twelve month low of GBX 258.80 ($3.17) and a twelve month high of GBX 590.20 ($7.23).

The company also recently declared a dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Thursday, July 28th will be paid a dividend of GBX 13.30 ($0.16) per share. This is a positive change from Royal Mail’s previous dividend of $6.70. This represents a yield of 3.88%. The ex-dividend date of this dividend is Thursday, July 28th. Royal Mail’s dividend payout ratio (DPR) is presently 0.27%.

Royal Mail Company Profile (Get Rating)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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